• Real-time data delivery through JSON protocol
• Parameta Solutions: a leading provider of OTC market data solutions
Monday 10th February 2025 – London – MDX Technology (MDXT), a leading provider of real-time data distribution solutions for financial institutions, is pleased to announce the continuation of its collaboration with Parameta Solutions, the data and analytics arm of TPICAP. Parameta Solutions is a provider of OTC market data globally, and MDXT’s technology plays a pivotal role in Parameta’s solutions.
MDXT has been instrumental in supporting Parameta’s business in the energy and commodities space and across the APAC region, by enabling the distribution of real-time, cloud-based, low-code data solutions via WebSockets and other end-points. MDXT believes this capability has allowed Parameta to deliver data solutions with speed, accuracy, and seamless integration for clients across global financial and commodities markets.
Farouk Khan, Head of Market Data Technology, commented: "Our collaboration with MDXT has been crucial in Parameta's business, especially in the energy and commodities sectors across the APAC regions. Our goal is to ensure that our data seamlessly integrates into any environment our clients require. MDXT's solutions empower us to deliver an extra mile of our data solutions with speed, accuracy, and seamless integration. We believe this partnership will enable us to meet our clients' needs more effectively, reinforcing our market position and unwavering commitment to providing top-tier data services."
Nigel Someck, CEO at MDX Technology, added, "Our longstanding relationship with the TPICAP Group has been mutually beneficial. The technology we have developed for Parameta Solutions has broad appeal across the market. Working closely with their team, we are prepared to respond to evolving requirements and ensure we’re delivering impactful solutions."
Farouk further noted, "At Parameta Solutions, we are committed to continuous innovation and excellence. Our partnership with MDXT exemplifies our dedication to providing cutting-edge solutions that meet the evolving needs of our clients. We look forward to the future of this collaboration."
About MDX Technology Ltd
MDX Technology (MDXT) provides data distribution technology to the financial services industry. Over 100 firms rely on our low-code, workflow and data connectivity platform to execute and exploit lucrative opportunities faster than their competitors. MDXT is; fast to deploy, high performing, reliable, cost effective, easily configurable without the need for overburdened internal development resources.
Users include investment banks, energy and commodity trading firms, brokers, exchanges, asset managers, hedge funds, and trading venues. Headquartered in London we serve Europe, North America and Asia.
About Parameta Solutions
Parameta Solutions is the Data & Analytics division of TP ICAP Group. The business provides clients with unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmark and indices, and pre and post-trade analytics. Its post-trade solutions offering helps market participants control their counterparty and regulatory risks through a growing range of tools that manage balance-sheet exposure, as well as compression and optimisation services.
